LG Electronics' Thinq technology will allow smartphones and tablets to control and communicate with some of the company's home appliances, including ovens, refrigerators, washing machines and a robotic vacuum cleaner, the company announced on Monday.

LG Electronics said that it had scrapped a plan to launch a tablet computer based on Google Inc's Android 2.2 operation system known as "Froyo," a decision that may delay the rollout of its first tablet PC slated for next quarter.

LG Electronics plans to release an Android-based tablet under the Optimus name in time for the holidays. Ten Optimus phones are also on the way this year.

LG Electronics, the world's third-biggest mobilephone maker, reported a 33% drop in second-quarter profit after it lagged behind Apple and Samsung Electronics in offering smartphones.

LG Electronics, Samsung Electronics, Sony Pictures Entertainment and Valens Semiconductor has announced formal incorporation of the HDBaseT Alliance and the finalization of the HDBaseT 1.0 specification, made available to Alliance member companies for CE implementation.

LG Electronics warned that profits at its struggling handset division would be slow to recover, as it retools its business to introduce Android-based devices in a fast-growing, high-end smartphone segment, including new models for Verizon.

"The group's top decision makers have reached a broad consensus that more measures would be needed to nurture future growth engines. But that doesn't necessarily mean LG will participate in an auction next month," an LG representative said. Despite such internal views, market analysts say LG could be the "right buyer" for Hynix.

LG Electronics, the world's second-biggest maker of LCD televisions, said the company aims to increase shipments by about 47 percent next year, driven by demand from emerging markets.